Table of Contents

Overview

Use the below instructions and this Excel spreadsheet to close your books.

General Month End Close:

1. Reconcile Bank Account

2. Post Subledgers Through Subledger Status Screen

3. Fill Out Spreadsheet w/ GL and Subledger Balances

4. Audit Discrepancies By Comparing GL And Subledger Reports Day By Day

5. Create Adjusting Journal Entries

6. Print General Ledger Detail Journal (if necessary)

7. Present Numbers

Bank Reconciliation:

1. Navigate To Bank Reconciliation Under BNK>Bank Accounts>Bank Reconciliation

2. Select A Bank Account And Reconciliation Date

3. Enter The Statement Balance, Charges, and Interest

4. Click the Edit button start the Reconciliation

5. Check The Box Next To Each Transaction Present On Your Bank Statement

6. Enter Any Missing Transactions

7. Ensure The Balance Is Correct And Click Finish

8. Save Report For Future Reference

For an in-depth look at Bank Reconciliation, see: Bank Reconciliation

Post Subledgers:

1. Navigate To The Subledger Status Screen Under G/L>Month End Processing>Subledger Status

2. Enter The Final Date Of The Month You Wish To Post

3. Click The "Post All Subledgers" Button

Audit Discrepancies:

1. Navigate To The General Ledger Detail Journal Under G/L>Month End Processing>General Ledger Detail Journal

   1. 

2. Print The Detail Journal For The Account In Question For A Day

3. Navigate To The Subledger Report (paths located below or on month end close spreadsheet)

4. Print The Subledger Report For The Same Day

5. Compare Totals

6. If Totals Are Different Compare Each Transaction To Find The Issue

7. If Totals Are The Same Print Reports For Next Day

Create Adjusting Entries:

1. Navigate To The G/L>Standard Journal Entries>Enter Journal Entries

2. Fill Out Account Number and Debit or Credit Amount Respectively

3. If A Subledger Account Must Be Entered - Double Click On The Blue Word "Company" In The Header

4. Click The Lightning Bolt To Process

 Print General Ledger Detail Journal (IF Necessary):

1. Navigate To The General Ledger Detail Journal Under G/L>Month End Processing>General Ledger Detail Journal

2. Print The Detail Journal For The Account And Date Range In Question